News linked to both this project and an event.
According to Chaoxiang Research, a Morgan Stanley report dated August 25 noted that the internet sector declined by an average of 2% last week, with Meta down approximately 7%, Amazon down roughly 2%, and Google virtually flat. Current forward P/E ratios for 2026 stand at 19x for Amazon, 17x for Google, and 17x for Meta, reflecting discounts of 36%, a premium of 36%, and a discount of 24% relative to historical averages, respectively. On an EV/EBITDA basis, Amazon at 11.2x represents a 12% discount to its two-year average, Google at 15.1x implies an 8% premium, and Meta at 8.7x reflects a 30% discount. Morgan Stanley maintains an "Attractive" rating on the internet sector, highlighting that AI capabilities are emerging as a core variable driving valuation divergence. The sector's overall forward EV/EBITDA is 9% below the five-year average, while EV/Sales is 16% above it, underscoring a divergence between revenue and profit multiples. After reclassifying stock-based compensation as a cash expense, the adjusted EV/EBITDA for digital media rises by approximately 36% on average, e-commerce by 30%, and travel and the sharing economy by 44%. Upcoming catalysts include the launch of Google's Gemini 4, stabilization of Amazon Web Services (AWS) growth, progress in Meta's AI ad monetization, and shifts in the interest rate environment.
According to Chaoxiang Research, Morgan Stanley's August 25 research report indicated that Semtech's Q2 data center revenue reached $100 million, up 39% quarter-over-quarter and 91% year-over-year, marking a record high. Growth was primarily driven by the sustained strength of the 800G FiberEdge and faster-than-expected qualification of the 1.6T FiberEdge. The 1.6T FiberEdge and CopperEdge are projected to account for over 50% of data center revenue in Q3. The Q3 data center revenue guidance reflects a 45% quarter-over-quarter increase and a 160% year-over-year increase, reaching $145 million. The LoRa business also recorded record revenue of $58 million in Q2, up 31% quarter-over-quarter and 58% year-over-year, with an additional 15% increase expected in Q3. Morgan Stanley raised its price target from $175 to $195 while maintaining a Neutral rating, based on 34.5x non-GAAP EPS of $5.66. Revenue forecasts for FY2027 and FY2028 have been raised to $1.529 billion and $1.895 billion, respectively, with gross margins upgraded to 56.9% and 62.7%, and EPS increased to $3.69 and $5.65. In Q4, ACC (active copper cable) is slated for mass deployment at major hyperscale customers, creating a synergistic effect alongside 800G and 1.6T solutions. The company has announced the divestiture of its module business, which is expected to drive structural improvements in gross margin and operating margin. As disclosed in this research report
Odaily News - Hardware wallet maker BitBox reports that credit card sales in August grew roughly 10x compared to the baseline of previous weeks, with the increase primarily driven by North America. Trezor and OneKey also confirmed rising sales during the same period, though neither disclosed specific figures.Trezor, BitBox, and OneKey have all re-reviewed their seed phrase generation, random number generator, entropy, and firmware verification processes. Trezor plans to conduct penetration testing on core firmware functions and publish related security audit reports. OneKey will strengthen reviews of security-critical code paths and transaction signing processes.Ledger CTO Charles Guillemet stated that AI-assisted attacks mean patch releases, vulnerability disclosures, and user education need to accelerate. Blockstream Jade has released a firmware update containing multiple fixes and recommends users simultaneously update their apps, operating systems, devices, routers, and home appliances. (Bitcoin.com News)
Coinbase Markets announced that spot trading for Grass (GRASS) will go live on August 26, 2026. If liquidity conditions are met, the GRASS-USD trading pair will open in supported regions later today.
According to an official announcement from Odaily, Coinbase will list Grass (GRASS) on August 26, 2026. If liquidity conditions are met and trading is supported, the GRASS-USD trading pair is expected to open later today.
One-stop AGI infrastructure platform B.AI released its latest ecosystem data: On August 25 alone, the platform added 23,432 new API users, bringing the cumulative total over the period to 79,500. Daily token throughput exceeded 594.71 billion, with cumulative API calls reaching 74.108 million and total throughput surpassing 3 trillion tokens. Both core metrics simultaneously set new historical records.
Odaily News: Hyperscale Data, Inc. (NYSE: GPUS), an AI data center and Bitcoin-related enterprise, announced that its wholly-owned subsidiary Gresham Worldwide, Inc.'s radio frequency (RF) business secured approximately $5.4 million in new orders between July and August 2026, primarily from U.S. defense programs and prime defense contractors.These orders cover RF and microwave components supporting radar, electronic warfare, communications, and other mission-critical systems, and are expected to be produced and delivered by the relevant business units of Gresham Worldwide. The company stated that the new orders reflect the continued growth in demand for high-reliability RF technology and critical components in the U.S. defense sector. (PRNewswire)
: According to official sources, OKX Flash Earn Lite will launch AEON "Staking Rewards" from August 31, 2026, 15:00 to September 5, 2026, 15:00 (UTC+8). During the event, users who participate by locking BTC, ETH, OKB, or AEON can share a total of 4,100,000 AEON airdrop rewards. Notably, ETH borrowed via flexible borrowing will not be counted toward the valid subscription amount.Users can start subscribing in advance from now on, with rewards calculated after the event officially begins. Participation is available via the event link or by tapping "Flash Earn" at the top of the Explore page in the OKX App.
According to the official announcement, HTX has launched DJT/USDT, MKR/USDT, and XOM/USDT perpetual contracts on August 26, supporting 1x to 20x leverage for both long and short positions. Additionally, from today until September 1 at 15:00 (UTC+8), HTX is launching a New Token Futures Trading Competition. Participants who complete registration, trade the featured tokens in the futures market, and meet the required thresholds will have the chance to share the total prize pool of 1 billion $HTX tokens.
According to Chaoxiang Research, a Morgan Stanley report dated August 24 indicates that the total disclosed off-balance-sheet commitments from hyperscalers, NVIDIA, and Broadcom have surpassed $3.1 trillion. Lease commitments total $1.1 trillion and procurement commitments $1.7 trillion, while the combined on-balance-sheet debt and lease liabilities of hyperscalers reach $770 billion. Amazon and Google's free cash flow turned negative in Q2 2026, with Meta expected to follow suit next quarter. Financing instruments are restructuring the AI compute capital structure across six dimensions: off-balance-sheet lease and procurement commitments form the first financing layer; the share of debt issuance rises from 2% in 2025 to 19% in 2026; Google frees up $110 billion by reducing share buybacks and issuing equity; Oracle records $4.6 billion in customer advance payments in Q2; and Broadcom and NVIDIA launch chip-leasing SPVs to support unrated AI labs. Morgan Stanley notes that when the financing structure itself becomes a core variable in the AI supply chain, tracking changes in off-balance-sheet commitments and accounting judgments is nearing the importance of tracking chip shipments themselves.
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
According to Chaoxiang Research, Morgan Stanley's August 24 report raised its revenue assumption per gigawatt (GW) of externally sold Google TPUs from $20 billion to $27 billion, increasing the gross margin assumption from 20% to 30%. Following these adjustments, TPU-related cloud revenue is projected to reach $84 billion and $108 billion in 2027 and 2028, respectively, marking increases of 35% and 37% over prior forecasts. Morgan Stanley maintains an Overweight rating on Alphabet with a price target of $400, implying 16% upside from the current share price. The upward revision draws support from recent media reports stating that Google has pledged to supply approximately one million TPUs (equivalent to roughly 1.3 GW), generating about $35 billion in revenue. Furthermore, Google's custom silicon agreement with Marvell validates TPU pricing above previous estimates. The firm anticipates Google Cloud will contribute approximately 50% of Alphabet's consolidated EBIT by 2028. Three primary catalysts underpin the potential for valuation re-rating: the rollout of Gemini 4, inference cost reductions through optimized models, and the market deployment of GenAI offerings. The target price reflects a forward P/E multiple of approximately 22x based on 2028 consensus earnings, commanding a premium of roughly 22% relative to the peer median.
Odaily News, August 26 - B.AI announced that its API is now fully compatible with the OpenAI Responses API. Developers only need to use a B.AI API Key to complete the Base URL configuration, allowing them to directly call GPT series models supported by B.AI within the Codex development environment, seamlessly integrating cutting-edge large model capabilities into their daily coding workflows. This means that whether it's code generation, logical understanding, intelligent debugging, architectural refactoring, or team development collaboration, developers can access real-time intelligent assistance from GPT series models in the Codex environment, comprehensively covering various scenario needs from individual development to team collaboration.B.AI remains committed to lowering the barrier to entry for top-tier AI capabilities, offering developers around the world an efficient and convenient programming assistance experience through more open ecosystem compatibility and more flexible invocation methods, helping developers better focus on creation itself.
According to Chaowang Research, Bernstein’s August 25 research report indicates that in four key scenarios—city patrol, warehouse palletizing, factory material handling and inspection, and last-mile delivery—the payback period for patrols has already dropped below two years. The payback periods for warehouse and factory scenarios are approximately 2.7 years in the U.S., while China’s factory scenario stands at 6.7 years. To reach the 2.5-year threshold for accelerated adoption, robot prices in China must fall by 30% to 50%, and in the U.S. by 5% to 40%. Bernstein projects that global annual shipments of humanoid robots will reach one million units by 2031, with these four scenarios contributing roughly 50%. Bernstein notes that, drawing on lessons from the electric vehicle and lithium-ion battery sectors, costs typically decline by 15% to 18% with each doubling of production volume, indicating that price will not pose a long-term barrier. The deployable market across these four scenarios amounts to approximately 10 million units in China and 1.2 million in the U.S. The report recommends tracking market leaders along three dimensions: actual commercial sales growth trajectories, performance enhancement trajectories, and the trend of moving closer to the center of the industrial ecosystem. Once payback periods dip below 2.5 years, procurement decisions will shift from “whether to try” to “why not buy.”
Odaily News: On August 24, consumers discovered that the "SKhynix Flagship Store" had posted a notice of business termination on its store homepage, with plans to voluntarily cease operations on September 9, 2026, and all products in the store have been removed. As of August 25, the store can no longer be directly searched on the Taobao platform. Public records show that this store previously primarily sold SK Hynix-branded consumer-grade solid-state drives, and its operating entity is listed as Tianjin Hailishi Technology Co., Ltd. According to Tianyancha, the company was registered in July 2020 with a registered capital of 1 million yuan, and its business scope covers technical services, electronic product sales, etc. Public business registration information does not currently indicate any equity, controlling, or direct affiliation relationship with SK Hynix headquarters or its China region.SK Hynix China told China Newsweek that after verification, the "SKhynix Flagship Store" is not directly operated by the company. As for the reasons for the store closure, the operation or authorization status of other related e-commerce stores, and warranty arrangements for historical orders, SK Hynix China stated that it is currently verifying information internally and with relevant parties, and no further information is available at this time.It is worth noting that this store closure incident has once again sparked speculation that SK Hynix is scaling back its consumer storage business. In January of this year, there were market rumors that SK Hynix planned to discontinue consumer storage products and exit the consumer DRAM and NAND business. On January 14, an SK Hynix representative publicly denied this, stating that the company "currently has no plans to explore or pursue an exit from its consumer products business." (China Newsweek)
Odaily News: Recent Bitcoin volatility has triggered a wave of leveraged long position liquidations. On August 22, hourly liquidations reached $529 million, with long positions accounting for $478 million; on August 23, an additional $84 million in crypto long positions were liquidated within one hour.Prediction market Kalshi launched the first spot Bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with liquidations reaching $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers U.S. institutions regulated onshore perpetual contract trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections when approving them. Analysis account Qmo noted that there are significant Bitcoin long liquidation pools in the $62,000 to $67,000 range; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)
Odaily News – According to SpaceX's stock unlock schedule, Gate's Pre-IPOs first project SpaceX (SPCX) will unlock its first batch of (stock) shares at 20:00 (UTC+8) on August 26. The total amount unlocked in this first batch is 33,900 SPCX, with 20% of stocks unlocked based on the actual holdings in users' spot accounts at the time of the snapshot. The corresponding stocks will be distributed directly to users' Gate stock accounts at a 1:1 ratio.Gate is the first platform in the industry to support Pre-IPO share unlocking and directly distribute listed company stocks to users. This unlocking covers SPCX that users previously obtained and held through Pre-IPOs subscriptions, as well as SPCX purchased later; SPCX that has been sold will not be included in this round of unlocking. Users should check their SPCX holdings and open orders in advance to ensure the SPCX used for this unlocking is in an available status.Gate will continue to provide users with an asset participation experience spanning from Pre-IPOs pre-listing subscriptions, internal trading, to stock unlocking into U.S. stocks. This marks the first 20% stock unlock for SpaceX (SPCX), and the remaining portion will be processed promptly according to the target company's unlocking rules, subject to Gate's official announcements.
Odaily News, August 25 — B.AI platform announced that the MiMo series models have officially launched on Web Chat. Following the initial release on the API endpoint, MiMo V2.5 now offers limited-time free access on both Web Chat and API, allowing developers and users to experience the powerful capabilities of Xiaomi's open-source flagship full-modal model at zero cost.As a 310B sparse MoE native full-modal large model, MiMo V2.5 supports full-modal input across text, image, video, and audio, featuring a 1M ultra-long context window and rapid response capabilities, deeply optimized for high-intensity scenarios such as multimodal agents, intelligent audio-video analysis, and general-purpose programming.Meanwhile, MiMo V2.5 Pro, positioned for complex agent and programming tasks, has also gone live on Web Chat simultaneously. Developers and users are welcome to experience Xiaomi's most powerful model capabilities to date. Log in now at chat.b.ai/chat to unlock the new full-modal intelligent experience of the MiMo series.
Binance announced that it will list the USDC/ARS, ACE/USDC, and PUMP/U spot trading pairs on August 26, 2026, at 16:00 UTC+8, and will simultaneously enable algorithmic order trading bot services for these spot trading pairs.